Structure of IPS
The Invensys Pension Scheme is governed by a trust deed between the Company (Invensys plc) and the Trustee (Invensys Pension Trustee Limited).
The rules of the Scheme are laid down by the Company in a trust deed. The Trustees - the Directors of Invensys Pension Trustee Limited - must operate the Scheme in accordance with those rules. The Trustees are required to act in the best interests of all individuals who may benefit from the Scheme.
Active members contact the Scheme through local HR departments and are represented on a Pensions Consultative Committee (UKPCC). This committee meets quarterly to discuss pension policy and issues with the Company. The UKPCC nominates the Scheme members in order to provide a Director for the Trustee Company.
Deferred members and pensioners contact the Scheme directly through the Scheme's administration office based in Newcastle.
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